0001235468-21-000191.txt : 20211220
0001235468-21-000191.hdr.sgml : 20211220
20211220194622
ACCESSION NUMBER: 0001235468-21-000191
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211216
FILED AS OF DATE: 20211220
DATE AS OF CHANGE: 20211220
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Daunt John
CENTRAL INDEX KEY: 0001774667
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51813
FILM NUMBER: 211506488
MAIL ADDRESS:
STREET 1: C/O 6931 ARLINGTON ROAD
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LIQUIDITY SERVICES INC
CENTRAL INDEX KEY: 0001235468
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 522209244
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 6931 ARLINGTON ROAD
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
BUSINESS PHONE: 2024676868
MAIL ADDRESS:
STREET 1: 6931 ARLINGTON ROAD
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
4
1
wf-form4_164004756617501.xml
FORM 4
X0306
4
2021-12-16
0
0001235468
LIQUIDITY SERVICES INC
LQDT
0001774667
Daunt John
C/O LIQUIDITY SERVICES, INC.
6931 ARLINGTON ROAD SUITE 200
BETHESDA
MD
20814
0
1
0
0
Chief Commercial Officer
Common Stock
2021-12-16
4
M
0
8115
6.69
A
71982
I
By the Daunt Family Trust
Common Stock
2021-12-16
4
S
0
8115
20.75
D
63867
I
By the Daunt Family Trust
Common Stock
2021-12-20
4
M
0
16350
0
A
80217
I
By the Daunt Family Trust
Common Stock
2021-12-16
4
S
0
16350
20.95
D
63867
I
By the Daunt Family Trust
Employee Stock Grant
2027-10-01
Common Stock
1656.0
1656
D
Employee Stock Grant
2023-01-01
Common Stock
1675.0
1675
D
Employee Stock Option
6.11
2028-12-04
Common Stock
14033.0
14833
D
Employee Stock Option
6.11
2028-12-04
Common Stock
10400.0
10400
D
Employee Stock Grant
2024-01-01
Common Stock
12225.0
12225
D
Employee Stock Option
6.58
2029-04-29
Common Stock
10458.0
10458
D
Employee Stock Option
6.58
2029-04-29
Common Stock
11667.0
11667
D
Employee Stock Grant
2023-05-01
Common Stock
7500.0
7500
D
Employee Stock Option
6.69
2029-12-03
Common Stock
38950.0
38950
D
Employee Stock Option
6.69
2021-12-16
4
M
0
8115
0
D
2029-12-03
Common Stock
33681.0
25566
D
Employee Stock Grant
2021-12-20
4
M
0
30000
0
D
2025-01-01
Common Stock
30000.0
0
D
Employee Stock Option
9.46
2030-12-01
Common Stock
61200.0
61200
D
Employee Stock Option
9.46
2030-12-01
Common Stock
61200.0
61200
D
Employee Stock Grant
2025-01-01
Common Stock
11050.0
11050
D
Employee Stock Grant
2025-01-01
Common Stock
11050.0
11050
D
Employee Stock Option
22.2
2031-12-07
Common Stock
7740.0
7740
D
Employee Stock Option
22.2
2031-12-07
Common Stock
7740.0
7740
D
Employee Stock Grant
2026-01-01
Common Stock
8720.0
8720
D
Employee Stock Grant
2026-01-01
Common Stock
8720.0
8720
D
Represents the exercise of stock options.
Represents the net issuance of 16,530 shares from the vesting of 30,000 restricted stock units from which the federal and state tax withholding due at the vesting of such restricted stock units was satisfied by the Issuer withholding 13.470 shares.
Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in the Issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
Twenty-five percent of this restricted stock unit grant vested on January 1, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2021, January 1, 2022, and January 1, 2023.
These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in the Issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.
12/48th of this option grant vested on May 1, 2020 and thereafter, 1/48th will vest each month for thirty-six months.
Twenty-five percent of this restricted stock unit grant vested on May 1, 2020 and thereafter, an additional 1/4th vests on each of May 1, 2021, May 1, 2022 and May 1, 2023.
12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
Represents the vesting of restricted stock units.
These restricted stock units vest, if at all, based on certain commercial contribution margin milestones of the Issuer.
12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
Twenty-five percent of this restricted stock unit grant will vest on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.
12/48th of this option grant will vest on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
Twenty-five percent of this restricted stock unit grant will vest on January 1, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026.
/s/ Mark A. Shaffer, by power of attorney
2021-12-20